Question from our reader:
Dear team, I have been interested in investing for the longest time and because of this I’m looking for courses, online platforms, portals, blogs, and advice, but the longer I search the more varying sources I find, from professional to completely basic. How to keep up with all that?
At the very beginning of their journey with investing in cryptocurrencies, many people experience trouble with finding trustworthy information. They often search for internet sites where they could learn, follow news and fun facts from the world of ecoins. For beginner investors, discerning between worthwhile content (written by experts) and fake news can prove to be quite a challenge. That’s because there are many microsites, which are meant to generate traffic, but they don’t offer the users any high-quality articles. They may also be a trap for users who have only scratched the surface of cryptocurrencies. How to handle it?
It’s worth to check the quality of content posted on sites, as well as comments and opinions of other users. It may also be helpful to analyze the ads on the site and the sources of information in articles. You should never blindly trust everything you read on the internet. The best thing to do is a thorough research, comparing information from various sources, which gives you a fuller picture and allows to eliminate fake data. It may also be a good idea to join cryptocurrency-themed groups and follow the posts of more experienced investors. It also won’t hurt to ask a question from time to time and make sure that the site we’re using is trustworthy and useful.
However, you have to keep in mind that not all opinions are an adequate source of info. That’s why you should be very cautious. Some sites are only set up for business purposes. Their purpose is to advertise for products or services and generate traffic on a webpage, as well as to improve sales. The texts that can be found there are usually low quality, using non-professional language, and a variety of key phrases, which serve to make the page more visible in the search results. You also shouldn’t trust every opinion of a “cryptocurrency analytic”. Many of them are company agents, who pose as cryptocurrency experts while they only care about dishonest earnings. It’s better to try and find actual research papers that contain cryptocurrency analyses. Works like these are prepared by actual, educated scientists instead of random people posing as experts.
Learning how to invest can be tough, but you will gain experience with time. You will be able to recognise trustworthy information and expert opinions. You will also learn to sift through fake news and data in the blink of an eye. So it’s worth to be patient, compare sources, and use the advice of the more experienced investors to deepen your knowledge.